Commercial Real Estate Market in Hertford, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
10 active listings and 353 off-market properties in Hertford, NC. Commercial property asks $150/SF to buy (based on 3 listings) and $11.49/SF/Yr to lease (based on 3 listings).
Market Trends
Hertford, NC spans 175.1 square miles in Perquimans County, North Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Hertford, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Hertford, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Hertford, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Hertford, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 79.2%
- Commercial 18%
- Industrial 2.1%
- Civic 0.7%
Largest Zones share of zoned land by district
Hertford, NC zones 4,349 acres across 13 districts. Commercial zoning covers 18% of zoned land, residential 79.2% and industrial 2.1%. The largest single district is Residential Agricultural at 60%. For commercial buyers the practical constraint is that only 20.1% of land carries a commercial or industrial designation.
The purpose of this district is to create an area in which residential and agricultural uses can be compatibility mixed where water and sewer are not available or where development of low density is desired. Single family residences and agricultural uses are allowed with a minimum lot area of 20000 square feet.
Market overview
Demographics & Economy
Hertford, NC has 11,406 residents in 6,038 households. Density runs 65 people per square mile. Median household income here is $61,911 and median gross rent $1,085 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Elizabeth City | $191 | $17.64 |
| Edenton | $139 | $8.64 |
Commercial property in Hertford, NC asks $150/SF. The 2 bordering markets run from $139/SF in Edenton to $191/SF in Elizabeth City, and the city sits below their $165/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Hertford?
How much does it cost to lease commercial space in Hertford?
How does Hertford compare to nearby markets on price?
What zoning applies to commercial property in Hertford?
Where does Realmo's Hertford market data come from?
Methodology & data sources
- Asking prices and medians
- There are 5 active for-sale and 5 active for-lease listings in Hertford, NC. The medians are based on 3 of the for-sale and 3 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 4,349 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
